Economic Indicators

GTA home sales down 22% in May, but prices remain strong

The Toronto Real Estate Board says May home sales in the Greater Toronto Area were down 22.2% compared with the same month last year. The board said Monday that while the number of sales was down year-over-year to 7,834 units, the annual rate of decline was less than reported in February, March and April, when […]

By The Canadian Press |June 4, 2018

1 min read

Economic Indicators

Recession a possibility by end of 2020: U.S. biz economists

A group of top business economists believes the major tax cuts President Donald Trump pushed through Congress will give a significant boost to economic growth this year and next year. But they worry that by 2020, the country could be entering a new recession. The National Association for Business Economics says in its latest quarterly […]

June 4, 2018

2 min read

Economic Indicators

What strong U.S. growth means for Fed rate hikes

With GDP above potential, could the Fed increase its pace?

By Staff |June 4, 2018

3 min read

Economic Indicators

Single homes in Vancouver nudge mark where prices can fall: board

Home sales across Metro Vancouver tumbled last month, when compared with May 2017, and the Real Estate Board of Greater Vancouver says the drop in sales raises the potential of lower prices for some home types. The board says 2,833 properties sold in its region in May, a 35.1% plunge from sales recorded in the […]

By Staff, with files from The Canadian Press |June 4, 2018

3 min read

External risks more acute for Canada than in recent past: IMF

A new report by the IMF says the external risks facing the Canadian economy are more acute than in the recent past. The agency says the risks relate to the impact of tax changes in the U.S. and the ongoing NAFTA talks. The IMF also said the housing market continues to remain a key domestic […]

3 min read

Canada’s Q1 GDP growth lowest in almost two years

The pace of economic growth in Canada slowed in the first quarter of this year to its lowest rate in nearly two years as housing investment pulled back amid new mortgage stress test rules and a cooling housing market. Statistics Canada said Thursday the economy grew at an annualized pace of 1.3% for the first […]

2 min read

April gain in U.S. consumer spending biggest in five months

Americans boosted their spending by 0.6% in April, the biggest increase in five months, while a gauge of inflation remained at the Federal Reserve’s optimal level for a second straight month. The Commerce Department said Thursday that last month’s increase in consumer spending was the largest increase since a 0.7% rise last November. The gain […]

2 min read

Economic Indicators

GTA home sales down 22% in May, but prices remain strong

Recession a possibility by end of 2020: U.S. biz economists

What strong U.S. growth means for Fed rate hikes

Single homes in Vancouver nudge mark where prices can fall: board

External risks more acute for Canada than in recent past: IMF

U.S. unemployment rate at 18-year low

Ottawa pledges to protect jobs in Canadian aluminum, steel

American manufacturing on 21-month winning streak

Canada’s Q1 GDP growth lowest in almost two years

April gain in U.S. consumer spending biggest in five months